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New York - Soros: World Financial System on Brink of Collapse

Published on: December 1, 2011 05:00 PM
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New York - The world financial system not only isn’t functioning, it’s on the brink of collapse, according to investor George Soros.

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The Hungarian-born philanthropist, who recently spent time in countries where his charities are active, such as Africa, said he sees a growing bifurcation between emerging and developed countries – and he’s more confident about prospects for the emerging ones.

The current global financial system is in a “self-reinforcing process of disintegration,” Mr. Soros warned, and “the consequences could be quite disastrous. You have to do what you can to stop it developing in that direction.”

Full story at The Wall Street Journal 


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Read Comments (12)  —  Post Yours »

1

 Dec 01, 2011 at 05:07 PM Anonymous Says:

Hungarian-born philanthropist?

How about Marxist, tyranical, master-manipulator & puppeteer with psychopathic, anti-semitic delusions of grandeur?

I'd say after 120 he'll truly get what he deserves, but the world can't wait that long.

2

 Dec 01, 2011 at 05:09 PM rationalman Says:

philanthropist ....that is one word i would certainly not use to describe him.....he uses his money to buy people...so that they would agree with him a he pushes his liberal wacky agendas

3

 Dec 01, 2011 at 06:04 PM Anti OWS Says:

I am not sure about that, but what I am sure is that the financial system is stronger than one of his recent marriages.

4

 Dec 01, 2011 at 06:13 PM Anonymous Says:

Let this old goat collapse.

5

 Dec 01, 2011 at 06:17 PM shredready Says:

Reply to #1  
Anonymous Says:

Hungarian-born philanthropist?

How about Marxist, tyranical, master-manipulator & puppeteer with psychopathic, anti-semitic delusions of grandeur?

I'd say after 120 he'll truly get what he deserves, but the world can't wait that long.

yes

just because he gives to charities you do not agree with does not make one a non philanthropist

he is no antisemit i guess you listen and believe glen becks lies

6

 Dec 01, 2011 at 06:22 PM ashoag Says:

אין בן דוד בא עד שתכלה פרוטה מן הכיס

7

 Dec 01, 2011 at 07:01 PM MaverickThinker Says:

You may not like his politics, but his reasoning is not thereby rendered any less valid.

Consider a poker table in Atlantic City, where $80 dollars is taken off the table by the casino every hour. Unless new players, with their new, additional money, replace old players, then the casino will end up holding all the money and everyone else will be penniless. Now replace the casino with the oil-producer countries and the players with consumers of the world and their respective countries and diplomatic associations. While the Europeans with their Euro, the Americans with our greenbacks, the Japanese with their yen, and now the Chinese with their yuan, all chase fewer sales to ever-fewer consumers, these individual economies jointly and severally, are contracting at a pace that has not yet precipitated armed conflict (as in aftermath of the total colonization of Africa by the turn of the previous century), but rather at a pace which now pits Indian radiologists against American ones and Taiwanese guitar makers against Mexicans.

This contraction from fewer expendable funds was hidden by the crop and computer revolutions - we need another lucky break resource wise.

8

 Dec 01, 2011 at 08:09 PM eighthcomment Says:

I can only imagine what kind of strong soul power this man has...whether he was a huge rasha in his previous life - every generation seems to have their goliaths...in that generations form

9

 Dec 01, 2011 at 08:15 PM 1stAmendment Says:

He Always Uses This Tactic of Trying to Scare People to try and push his Radical Agenda Foward. 'New World Order', One World Government, Global Currency, Global firearms ban, the list goes on and on and on!!

10

 Dec 01, 2011 at 08:49 PM 1stAmendment Says:

Reply to #5  
shredready Says:

yes

just because he gives to charities you do not agree with does not make one a non philanthropist

he is no antisemit i guess you listen and believe glen becks lies

I guess you know Nothing about George soros!

11

 Dec 01, 2011 at 11:10 PM Anonymous Says:

They tell you he's an investor or a philanthropist, but his main road to riches was as a currency speculator who has single handedly affected the FOREX exchange ....

12

 Dec 02, 2011 at 01:25 AM Anonymous Says:

Reply to #5  
shredready Says:

yes

just because he gives to charities you do not agree with does not make one a non philanthropist

he is no antisemit i guess you listen and believe glen becks lies

... what is the source of the lies for which YOU have fallen hook, line and sinker?

Hint: it begins with "wishful" and ends with "thinking" ... (something you don't do very well)

13

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